Milacron to Invest an estimated $5 Million and Create up to 70 New Jobs through Consolidation at their DME Product Brand Greenville, MI Facility
(CINNCINATI, OH – April 26, 2017) – Milacron Holdings Corp. (NYSE: MCRN), a leading industrial technology company serving the plastics processing industry is proud to announce that DME Company LLC, a wholly owned subsidiary of Milacron, will expand its Greenville manufacturing facility in, Greenville, MI. Milacron plans to invest approximately $5 million and create up to 70 full-time jobs in Michigan. This achievement was made possible in partnership with The Right Place, Inc. and Montcalm Economic Alliance, in collaboration with the Michigan Economic Development Corporation (MEDC) and the City of Greenville.
This expansion and investment announcement follows the recent decision to close a DME facility in Youngwood, PA. Milacron plans to consolidate operations of its mold technology manufacturing and fabrication to its Greenville, MI location. In addition to the consolidation, Milacron plans to make significant investments to expand the capabilities of its Greenville location.
“By consolidating our machining operations into one single U.S. location, we can target our investment funds, building a world-class facility in Greenville to support our growth plans,” said Peter Smith, Milacron DME President and General Manager. “Throughout this process, the Montcalm Economic Alliance and the MEDC have been extremely valuable resources in launching this new phase of the company.”
Economic development resources at the Montcalm Economic Alliance first began working with the company when executives from Milacron indicated they were evaluating the consolidation of two locations. At the time, the company considered both Greenville and Youngwood facilities as potential sites for the consolidation.
“This project wasn’t just an expansion of a company in Greenville, it was the retention of a company as well,” said Rob Spohr, Vice President for Academic Affairs at Montcalm Community College, and current Chair of the Montcalm Economic Alliance. “We won this project with collaboration, a solid business case, and collective determined effort, at the state and local level, to ensure Milacron stayed in Montcalm County.”
The MEDC is supporting the new development with the approval of a $490,000 Michigan Business Development Program performance-based grant. In addition, the City of Greenville is considering the approval of a PA 198 local tax abatement in support of the project.
Milacron continues to push the boundaries of possibilities in plastics with breakthrough products from leading brands including Milacron, Mold-Masters, DME, Ferromatik, Uniloy and CIMCOOL.
Link to high res photos: https://www.dropbox.com/sh/ii65ukgrka5wzo4/AACeiGm76lPw2wFgPVMuUl8ua?dl=0
Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the plastic technology and processing industry. Milacron is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, blow molding extrusion equipment, mold technologies, industrial supplies plus a wide market range of advanced fluid technologies. Visit Milacron at milacron.com
About The Right Place, Inc.
The Right Place, Inc., is a regional nonprofit economic development organization founded in 1985 and supported through investments from the private and public sector. Its mission is to promote economic growth in the areas of quality employment, productivity, and technology in West Michigan by developing jobs through leading business retention, expansion and attraction efforts. For more information, visit: www.rightplace.org
About Montcalm Economic Alliance
The Montcalm Economic Alliance provides assistance with economic development programs and issues in the county. The Right Place, Inc. and the Montcalm Economic Alliance have formed a strategic partnership to support economic growth in Montcalm County and encourage greater regional collaboration in West Michigan.
For more information, contact:
Director of Marketing and Communications
905-877-0185 ext. 354
Vice President Finance and Investor Relations